ONGC in talks with 3 foreign firms for stake in Dahej project |
By e4p Correspondent, Tuesday, March 17, 2009, 10:42 Hrs [IST] |  |
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Category: Petroleum Refineries | Tags: ongc petrochemical plant dahej, stake in dahej project, opal petrochemical complex | Share:  |
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ONGC is holding discussions with chemical companies like Itochu Corp of Japan, and the two UK based companies Ineos and Lyondell Basel for a strategic partnership in the Rs.12,440 crore petrochemical plant at Dahej in Gujarat.
ONGC Petro-Additions (OPAL) a company formed by ONGC to set up the petrochemical complex, had initially spoken to seven to eight leading technology firms and chemical marketers for giving out up to 25 per cent stake in the proposed unit but has held second round of discussions with just three. OPAL is likely to finalise the strategic partner by December.
Source : projectstoday
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